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I live in India. Talked to lot of friends and every single one lauded the move. Of course it is a bit inconvenient, but everyone are ready to sacrifice it in lo
by murukesh_s 10y ago
I live in India. Talked to lot of friends and every single one lauded the move. Of course it is a bit inconvenient, but everyone are ready to sacrifice it in long term. But I live in a city. It would be a bit more inconvenient in villages. But I am sure they will adjust as everyone are used to giving and taking credits in smaller villages.
But the mood might not be very bright in business communities(And there is chance you talked to them).
Remember in India only 3% of the population pay taxes (Yea 3%, really shocking. Many small and medium businesses don't file tax. This move will ultimately make them move cash into the bank and could later bring them into tax bracket.
Edit: reference for % population paying taxes http://bit.ly/2fDR7by http://bit.ly/2fDR7by